Breeders

The Hanoitimes - Although the State Bank has instructed five commercial banks to provide loans to pig and seafood breeders at a low interest rate of 11 % a year, several breeders are still borrowing at 15%, according to the Ministry of Agriculture and Rural Development.

Although the State Bank has instructed five commercial banks to provide loans to pig and seafood breeders at a low interest rate of 11 per cent a year, several breeders are still borrowing at 15 per cent, according to the Ministry of Agriculture and Rural Development.

Although the State Bank has instructed five commercial banks to provide loans to pig and seafood breeders at a low interest rate of 11 percent a year, several breeders are still borrowing at 15 percent, according to the Ministry of Agriculture and Rural Development.

Vietnamese associations and the World Wide Fund for Nature (WWF) recently signed a long-term cooperation memorandum of understanding (MoU) to help Vietnamese tra fish products earn the Aquatic Stewardship Council (ASC) certified credit label.Under the MoU, the WWF will give presentations on ASC criteria for tra breeders for six months and then collect opinions from experts and Vietnam’s tra breeders. WWF will take responsibility for covering the funding for these presentations. After surveys have been collected, if WWF criteria...

The State Bank of Vietnam on December 19 clarified that their outstanding loan to Pangasius breeders and seafood businesses in the first nine months of 2012 was actually VND20 trillion and not VND38 trillion as reported in the press.

Vietnam Association of Seafood Exporters and Producers (VASEP) has refuted claim by State Bank of Vietnam that a loan of VND38 trillion had been given to Pangasius fish breeders and sea food businesses to overcome the current crisis during the first nine months of 2012.

Although the export turnover of seafood from Vietnam has increased marginally year-on-year, breeders have continued to suffer losses each year while several businesses have been operating perfunctorily or even shut down.

Seafood, livestock and chicken breeders in the Mekong Delta have never before faced such dire times or been in such crisis situations as at present, what with constant falling prices, uncontrollable diseases, and the fear of having to shut down operations in several farms due to worsening losses.